......................................................... (Associate Member of National Federation of Postal Employees) .......................................................... ..
.............. An organisation born with the ideals of Trade Union democracy and Unity & United struggle for the emancipation of GDS...............

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........ VERIFICATION OF MEMBERSHIP FOR RECOGNITION OF SERVICE ASSOCIATIONS IN GDS CADRE HAS BEEN STARTED FROM 22-06-2017.......ALL GDS COMRADES ARE REQUESTED TO FRANCHISE THEIR OPTION IN FAVOUR OF AIPEU GDS .......WITH ALL YOUR SUPPORT, COOPERATION & ENCOURAGEMENT IT WILL STANDS No.1 RECOGNIZED UNION....GIVE A GOOD OPPORTUNITY TO AIPEU GDS TO SERVE THE GDS BETTER & MUCH MORE BETTER....... .......

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......... CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS .. VISIT indiapost.gov.in for Notifications ............. NEXT HEARING OF THE COURT CASE IN PR. CAT, DELHI IS ON ... 27th August 2017............

MESSAGE FROM CHQ

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Friday, November 11, 2016

Some modifications/additions to the existing exemptions regarding cancellation of the legal tender character of bank notes

Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to Bank branches and ATMs are being stepped up gradually.

While cancelling the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations w.e.f. the expiry of the 8th November, 2016, exemptions were allowed for certain transactions for the first 72 hours with a view to minimizing inconvenience to the public. Subsequently, based on feedback received from various quarters, certain more transactions were included for exemption.

The Government has been closely monitoring the implementation of the decision. Considering various representations received from different quarters in the matter, it has now been decided that the existing exemptions may be extended until the expiry of 14th November, 2016, with the following modifications / additions to the existing exemptions:

(i)Payment for court fees will be included in the exemptions.

(ii)The ID proof of customers will be required for transactions in consumer cooperative stores.

(iii)Payments towards utility bills will be restricted to only individuals / households for arrears and / or current bills. No advance payments will be allowed.

(iv)Payments in toll-plazas of the State and National Highways will be deleted from exemptions, considering that the Ministry of Road Transport and Highways is separately issuing instructions in this regard.

There is enough cash with RBI. Supply of cash to Bank branches and ATMs are being stepped up gradually.